Servicer Agreement definition

Servicer Agreement means any Servicer Agreement among the Authority and a Servicer relating to a group of Loans (Definition not applicable for MCC stand-alone product).

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Servicer Agreement means any Servicer Agreement among the Authority and a Servicer relating to a group of Loans.

Servicer Agreement means any agreement or customary terms pursuant to which the Issuer or any Restricted Subsidiary provides customary servicing services in connection with any securitization of loan portfolios by the SFS Business. “Significant Subsidiary” means any Restricted Subsidiary that meets any of the following conditions:

Examples of Servicer Agreement in a sentence

In the event that a Special Servicer is appointed under this Agreement, the Master Servicer and the Securities Administrator shall be entitled with respect to such Special Servicer and its related Special Servicer Agreement, to all the benefits, rights, indemnities and limitations on liability accorded to them under this Agreement in respect of the Servicer.
Any Special Servicer Agreement shall be acceptable to the Master Servicer, the Trustee and the Rating Agencies and will not modify any material terms of this Agreement, including but not limited to, increasing the Servicing Fee payable to the Special Servicer under this Agreement.
Any costs and expenses of the Master Servicer in connection with the negotiation, execution and delivery of any Special Servicer Agreement and the transfer of servicing to a Special Servicer shall be an expense of the Majority Class CE Certificateholder (or, if the Majority Class CE Certificateholder fails to make prompt reimbursement, then from amounts due to the Class CE Certificates under this Agreement).
If any Mortgage Loan is serviced by the Special Servicer and subsequently becomes less than ninety (90) days delinquent, such Mortgage Loan shall be serviced by the Special Servicer in accordance with this Agreement exclusively, without regard to any Special Servicer Agreement.
Immediately upon the transfer of servicing to the Special Servicer with respect to any Mortgage Loan, the Special Servicer shall service such Mortgage Loan in accordance with (i) all provisions of this Agreement which were applicable to the former Servicer prior to such transfer of servicing and (ii) any Special Servicer Agreement.
Any costs and expenses of the Master Servicer in connection with the negotiation, execution and delivery of any Special Servicer Agreement and the transfer of servicing to a Special Servicer shall be an expense of the Seller.
In the event that a Special Servicer is appointed under this Agreement, the Master Servicer and the Securities Administrator shall be entitled with respect to such Special Servicer and its related Special Servicer Agreement, to all the benefits, rights, indemnities and limitations on liability accorded to them under this Agreement and the related Servicing Agreement in respect of GMACM.
Any Special Servicer Agreement shall be acceptable to the Master Servicer, the Trustee and the Rating Agencies and will not modify any material terms of the GMACM Servicing Agreement, including but not limited to, increasing the Servicing Fee which was payable to GMACM with respect to such Loan.
Immediately upon the transfer of servicing to the Special Servicer with respect to any Loan, the Special Servicer shall service such Loan in accordance with the GMACM Servicing Agreement and a Special Servicer Agreement.
If any Loan is serviced by the Special Servicer and subsequently becomes less than ninety (90) days delinquent, such Loan shall be serviced by the Special Servicer in accordance with the GMACM Servicing Agreement exclusively, without regard to any Special Servicer Agreement.

More Definitions of Servicer Agreement

Servicer Agreement means any agreement between a Credit Party and a carrier pursuant to which any Credit Party retains services of the carrier to satisfy all or a portion of its and/or its customer’s transportation needs.

Servicer Agreement means an agreement among the Originators, the Seller and the Agent (and, if the Originators do not act as Servicer, consented to by the Originators), in form and substance satisfactory to them, governing the appointment and responsibilities of the Servicer as to administration and collection of the Pool Receivables, and requiring the Servicer to perform its obligations set forth in the Agreement, as the same may be amended, modified, restated or supplemented from time to time.

Servicer Agreement means an agreement between a Servicer and Lender entered into in accordance with Section 16 hereof.